Mitsubishi UFJ Asset Management Co. Ltd. Buys 934 Shares of Elbit Systems Ltd. $ESLT

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 6.3% in the third quarter, HoldingsChannel reports. The fund owned 15,878 shares of the aerospace company’s stock after acquiring an additional 934 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Elbit Systems were worth $8,095,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Citizens Financial Group Inc. RI acquired a new position in Elbit Systems during the 3rd quarter worth $730,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Elbit Systems in the 3rd quarter valued at $824,000. JPMorgan Chase & Co. raised its position in shares of Elbit Systems by 226.6% during the second quarter. JPMorgan Chase & Co. now owns 193,561 shares of the aerospace company’s stock worth $87,006,000 after acquiring an additional 134,300 shares during the last quarter. Atlantic Union Bankshares Corp raised its position in shares of Elbit Systems by 180,000.0% during the third quarter. Atlantic Union Bankshares Corp now owns 1,801 shares of the aerospace company’s stock worth $918,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Elbit Systems by 2.5% during the second quarter. Invesco Ltd. now owns 337,292 shares of the aerospace company’s stock valued at $151,613,000 after acquiring an additional 8,310 shares during the period. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ESLT shares. JPMorgan Chase & Co. lifted their price objective on Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Zacks Research downgraded shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a research note on Monday, December 29th. Finally, Morgan Stanley began coverage on shares of Elbit Systems in a report on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $550.33.

Elbit Systems Price Performance

Shares of ESLT opened at $829.36 on Tuesday. The stock has a market cap of $36.87 billion, a P/E ratio of 84.28, a price-to-earnings-growth ratio of 2.33 and a beta of 0.22. Elbit Systems Ltd. has a 1 year low of $328.32 and a 1 year high of $833.25. The stock’s 50-day moving average price is $684.74 and its two-hundred day moving average price is $558.66. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

About Elbit Systems

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.